I found this very interesting post on the MModal board...sm - VTMT

and thought it would be of interest to all MTs.

This filing is incredibly long, but the most - interesting read concerning

Posted: Dec 8th, 2012 - 8:44 am In Reply to: Found this statement in the SEC filings. - ARE YOU KIDDING ME??

M-Modal I have read including many eye-opening facts about the offshore component of business. I didn't know that M-Modal uses "cloud" technology. 

"Speech recognition and natural language understanding technologies, including our own, are not accurate in every instance." This statement made me laugh out loud! 

"Recent legislation and possible negative publicity may impede our ability to utilize offshore production capabilities.  Certain state laws restrict the transmission of personally identifiable information regarding a U.S. resident to any foreign affiliate, subcontractor or unaffiliated third party without adequate privacy protections or without providing notice of the transmission and an opportunity to opt out.  Some of the laws require patient consent. These laws impose liability on healthcare businesses arising from the improper sharing or other misuse of personally identifiable information. Some laws create a private civil cause of action that allow an injured party to recover damages sustained as a result of a violation of the law. A number of states have also considered, or are in the process of considering, prohibitions or limitations on the disclosure of medical or other information to individuals or entities located outside of the U.S. Further, as a result of concerns regarding the possible misuse of personally identifiable information, some of our customers have contractually limited our ability to use MTs and MEs located outside of the U.S. The effect of these laws would limit our ability to utilize our lower-cost offshore production facilities for affected customers, which could adversely affect our operating margins."

"As business process outsourcing and “off-shoring” have grown in
recent years, concerns have also grown about the impact of these phenomena on jobs in the United States. These concerns could drive government policy in a way which is disadvantageous to us. Further, if government regulation or market practices leads to fewer individuals seeking medical treatment, we could experience a decline in our processing volumes." 

Filing speaks of concerns of the Indian government and how it can/will affect M-Modal. Really facinating stuff. Not the usual propaganda we hear. 

This is the link to the beginning of the thread on the MModal board.

http://forum.mtstars.com/446088.html